Gateway Distriparks Ltd. share price target and research reports

Name: Latest research reports of Gateway Distriparks Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Gateway Distriparks Ltd.
Rating: 5
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for GDL, BSE:532622 Gateway Distriparks Ltd.

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Gateway Distriparks Ltd.

22 Oct 2021

Gateway Distriparks Ltd.

Buy: Gateway Distriparks Ltd.

Target

ICICI Securities Limited

Subsequently, PAT came in at | 47 crore vs. | 4 crore in Q2FY21 for the business, led by higher asset turnover due to better turnaround times for the rail segment (27 hours from Gujarat based ports to NCR). It entails higher spare capacity from existing infrastructure and better return ratios. We remain positive on the stock and maintain our BUY recommendation Target Price and Valuation: We value the stock at | 350 i.e. 23x P/E on FY23E EPS Key triggers for future price performance: Along with the better turnaround times, we expect higher double stacking on the route (both export and import...

Gateway Distriparks Ltd.

30 Jul 2021

Gateway Distriparks Ltd.

Buy: Gateway Distriparks Ltd.

Target

ICICI Securities Limited

September, 2021, GDL stands to gain in the medium to long term from enhanced delivery times, greater modal shift from road to rail and faster turnaround times We remain positive on the stock and maintain our BUY recommendation Target Price and Valuation: We value the stock at | 340 i.e. 26x P/E on FY23E EPS Key triggers for future price performance: GDL has been actively lowering its net debt position, which reached a high of ~ | 740 crore in FY19 (due to buyback of Blackstone's entire stake in the rail segment for | 850 crore), at ~| 470 crore in...

Gateway Distriparks Ltd.

28 Apr 2021

Gateway Distriparks Ltd.

Buy: Gateway Distriparks Ltd.

Target

ICICI Securities Limited

DFC is expected to be connected to Pipavav port and Mundra port in Gujarat by CY21 end to early CY22, which should benefit CTOs like GDL in terms of higher volume growth. DFC is likely to enhance the operational metrics of CTOs with enhanced visibility on delivery time due to time tabled freight trains and higher share of double stacked trains enabling better operational efficiencies, among other triggers. The segment is witnessing stronger profitability owing to better turnaround time (EBITDA/TeU reached ~| 10000 levels in Q4FY21, partly supported by IR rebates on haulage charges for...

Gateway Distriparks Ltd.

26 Mar 2021

Gateway Distriparks Ltd.

Buy: Gateway Distriparks Ltd.

Target

ICICI Securities Limited

Gateway Distriparks Ltd.

29 Oct 2020

Gateway Distri

Buy: Gateway Distriparks Ltd.

Sharekhan

Snowman Logistics is eyeing potential opportunities for transporting COVID vaccines (once launched domestically). To go ahead with capacity expansion at four locations. Gateway Distriparks Limited (GDL) reported lower-than-expected consolidated revenues, while OPM remained in line. Net profit was affected by a higher effective tax rate. Consolidated revenues declined 19.2% y-o-y to Rs. 262.5 crore as volumes in both CFS (down 25.7% y-o-y) and Rail (down 15.7% y-o-y) segments declined. However, EBITDA/TEU for CFS improved by 38.5% y-o-y while that of rail increased by 7.4% y-o-y. Hence, overall OPM broadly remained in-line at 24.9% (up 287 bps y-o-y) leading to a smaller dip in operating profit (down 8.7%...

Gateway Distriparks Ltd.

05 Jun 2020

Gateway Distri

Buy: Gateway Distriparks Ltd.

Target

Sharekhan

Valuation Maintain Buy with a revised PT of Rs. 110: GDL's rail business and cold chain business continue to fare well in the current environment owing to being categorized in essential services. The CFS business may remain under pressure in FY2021 while gradually improving in FY2022. We believe GDL's deleveraging plan along with healthy profitability in the rail division should gradually drive net earnings growth during FY2022. We have lowered our earnings estimate for FY2021-FY2022 factoring in lower volumes on account of COVID-19 pandemic. GDL's current valuation at 5.7x EV/EBITDA and 0.7x...

Gateway Distriparks Ltd.

05 Jun 2020

Gateway Distri

Buy: Gateway Distriparks Ltd.

Target

Sharekhan

Gateway Distriparks Ltd.

24 Jan 2020

Gateway Distriparks (Initiating Coverage): Moving the right levers. BUY

Buy: Gateway Distriparks Ltd.

HDFC Securities

Key risks: (1) Delayed execution of the DFC, (2) Gateway Rail has received a circular from the DGFT, regarding the basis for availing SEIS benefits of Rs 1bn (received for FY16-18). This matter is being contested and the mgmt is confident of its stance (3) Weaker than expected economic recovery. We initiate on Gateway Distriparks (GDL) with a BUY. We expect rail volumes to grow in double digits from here on due to managements focused approach and the commissioning of the DFC over FY21-22. Further, the co is proactively exiting noncore segments/selling excess land, which will enable GDL to reduce debt by Rs 2.5bn in the near term. We set a Dec-21 based SoTP of Rs 180.

Gateway Distriparks Ltd.

22 Jan 2020

CFS volumes disappoint, focus on deleveraging

Buy: Gateway Distriparks Ltd.

Target

Motilal Oswal

The company used the proceeds to redeem debentures of INR500m along with interest in Jan20, and now plans to focus on the core business. Commissioning of DFCC will be a key trigger for the company GDPLs YoY numbers are not comparable due to the consolidation of Gateway Rail from Mar19. CFS volumes declined 15% YoY to 94,337 TEUs, while Rail volumes were up 8% YoY to 61,634 TEUs. that the adoption of Ind-AS 116 led to an increase in EBITDA by INR123m. an exceptional gain of INR80m related to the sale of the CFS terminal. Also, the sale of the Chandra CFS in Chennai impacted volumes for the quarter, resulting in a loss of market share in Chennai. For GDPL, discounts have increased by ~14% over last one year to INR4,000/TEU. The company plans to incur capex of INR1.5b over the next two years, majorly toward setting up of satellite terminals in north.

Is Gateway Distriparks Ltd. worth buying?

123 Votes:

Buy 79.67%

Sell 6.5%

Hold 13.82%